Registered Charity Number.. 1156422 RIVERSIDE COMMUNITY ASSOCIATION LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024
RIVERSIDE COMMUNITY ASSOCIATION LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 To be com pleted prior to the Annual General Meeting, to be held in the Spring of 2025. This report was approved by the Trustees on Iq 112 / 2024 and signed on their behalf by: k-AopLe4/
Registered Charity Number: ll56422 RIVERSIDE COMMUNITY ASSOCIATION LIMITED Contents REFEREIJCE AND ADMINISTRAIIVE INFORMATI(¥4 TRUSTEES, REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANaAL AcvwmES BALANCE SHEEf NOTES TO THE FINANCIAL STATEMENTS
Registered Charity Mjmber.. 1156422 RIVERSIDE COMMUNITY ASSOCIATION LIMITED REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Reference and Administrative Information Charity Name: Riverside Community Association Lim ited Registered Charity number: ll56422 Registered Office: Riverside Centre, 113 Culvers Avenue, Carshalton, SM5 2FJ Trustees: The Trustees who served during the period were as follows.. Mr Roger Thistle Mr Roger Mills Mr Robert Frogley Mrs Rebecca Kramer Mr Colin Wells(resigned 22 March 2023) Bankers: Lloyds Bank. High Street, PO Box 1000, Sutton, BXI ILT Insurers: Ansvar Insurance, Ansvar House, St Leonards Road, Eastbourne, East Sussex, BN213UR Accountants: Communty Action Sutton Granfers Communtty Centre 73-79 Oakhill Road Sutton SMI IAA
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIVERSIDE COMMUNITY ASSOCIATION LIMITED I report on the accounts ol the tharity company the year ended 31 Marth 2024. which are set out on pages 4 to 10. ReSctive reswnslblltles of trustees and examlner The trustees {who are also Ihe directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) ol the Charities Act 2011 (the 2011 Acl) and that an independent examinab.on is needed. Having satisfied myselfthat the charity is not bject to audit under company law and is eligible for independent examination, it is my responsibility to.. Examine the accounts under section 145 ofthe 20ll Acr To lollow the procedures laid down in the general Direaions given by the Charity Commisslon under section 145(5)(bl of the 2011 Acr and To slate whether particular matters have come lo my altenlion. Basis of independent examiner's report My examination was Carried out in accordance with the general Directions given by Ihe Charity Commission. A examination includes a review ot Ihe accounting records kepi by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee5 concerning any such maiters. The procedures undertaken do not prowde all the evidence Ihal would be required in an audit and consequenily no opinion is gNen as to whether the accounts present a "true and fair view" and Ihe report is limited kn ihose set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. (i) lthich gives me reasonable cause lo believe that in any material respect the requirements.. To keep accounting records in accordance with sethion 386 of the Companies Act 2006: and To prepare accounts which accord wtlh accounting records, )mplYwIth the accounting requirements of section 396 of the Companies Aci 2006 and wlh the methods and principles of the Statement of Recommended Practice.. Accounting and Reporbng by Charities (January 2015). Have not been met. or (2) To which. in my opinion, attention should be drawn in order lo enable a proper understanding of the accouns to be reached. Dunstanette Kuti FCCA MCSI Community Action Sutton Granfers Community Centre 73-79 Oakhill Road Sutton, Surrey. SMI 3AA Dale .
Riverside Community Association Limited Registered Charity Number: 1156422 Statement of Financial Activities for the year ended 31 March 2024 Total Funds 2024 Total Funds 2023 Unrestricte d Funds Restricted Funds Note Income from: Donations Charitable Activities Grants Investments Total (275) 87.711 41.004 597 1,880 57,313 322 89.591 98,317 1,170 125,580 134,117 128,440 59,790 188,230 260,867 Expendiiure on: Charitable Activities Total 134,405 134.405 71,477 71.477 205,883 205,883 239,683 239,683 Net Income l (expenditure) Transfers beleen funds Net movement in funds (5,966) 5,009 (10,975) (11,687) (17.653) 5,009 (6,678) (17,653) 21,184 21,184 Total Funds brought fonNard Funds BIF transfer Total Funds carried forward 44,563 8,995 42,583 123,293 167,856 146,672 107,620 150,203 167,856 The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
Riverside Community Association Limited Registered Charity Number: 1156422 Balance Sheet as at 31 March 2024 Note 2024 2023 FIXED ASSETS Tangible Assets CURRENT ASSETS: Debtors & Prepayments Cash at bank and in hand 45,177 108,307 153,484 50,325 120,829 171.154 CREDITORS.. amounts falling due within one year Creditors NET CURRENT ASSETS: 3.281 3,298 150.203 167,856 NET ASSETS 150 203 167 856 THE FUNDS Restricted Unrestricted 107,620 42,583 123,293 44,bfi3 150 203 167 856 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 91 marc.h 2024. No mernrs have requir the company to obtain an athit of its accounts for the year in question, under Secti{ 476 of the Companies Act 2(K)6. The Trust5 acknedge their responsibilities for comptying with the requiremenls of the Act with respect to accounting records and for the preparation of &counts. These accounts have been prepared in accor(le wtih the provisions applicable lo companies. subject tlE small company's regime. BEHALF OF THE BOAR Approved by the Board on .....1.4......>7. *&knte . 2024
Approved by the Board on ................ . . 2024
RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31MARCH 2024 L ACCoU1NG POLICIES a) Accounting Conventions The Financial Statements have been prepared in accordance with applicable accounting standards under the historical cost convention and in accordance with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities. b) Fund Accounting Restricted Fund3 are those receThied which have been earmarked for a special purpose by the donor. Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of the general objectives of the Charity. c) Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specrfic policies are applied to particular categories of income. Voluntary income is received by way ot grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance hy thp Charity. are recoonised when the Charity becomes unconditionally entitled to the grant. Activities for generating funds consist of room hire and are accounted for on a receivable basis. Surplus funds are invested in a bank deposit account to earn interest. Interest received is included when receivable. Interest is credited to the unrestricted fund to offset overheads. Incoming resources from the charitable activities consists of grants, which are related to performance and are accounted for as the Charity parnq thp. right to consideration by its performance. Other sources of Incoming resources from the charitable activities consist of fees and Cafe takings accounted for on a receivable basis. d) Resources Expended Expenditure is recognised on an accruat basis as a liability is incurred. Cost of generating funds comprises the costs associated with attracting future Income. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its benefficiaries. It includes both costs that can be allocated directly to such activlties and those costs of an indirect nature necessary to support them,
Governance costs include those costs associated with meetinq the constitutional and statutory requirements of the Charty and include the Independent Examination fees and costs linked to the strategic management of the Charity. RIVERSIDE COMMUNrrY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) L AccouhrriNG POLICIES (continued) d) Resources Expended (continued) Costs are allocated to charitable activities and the Communty Centre on the basis of usage. Costs relating to a particular activity are allocated directly. other overheads are apportioned on an appropriate basis see note. e) Depreciation All fixed assets purchased over 65CK) are capitalised and Depreckition is provided on all capitalised assets on a Straight-line basis as below.. Office Furniture & Equipment Computer Equipment M otor Vehicles 25% per annum 50(Yo per annum 2096 per annum fj Recognition of Liabilits-es Liabilities are recognised on an accrual basis. g) Taxation As the Company is a registered Charity Company (Registration No: 1156422), carrying out charitable purposes. it is exempt from corporation L. h) Transfers beeen funds Trustees have the authority to transfer amounts out of the unrestricted funds into the restricted funds when required.
RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 2. INCOME FROM CHARITABLE ACTIVITY Unrestricted Restricted Total 2024 Total 2023 Funds Funds Charitable Activities- Course PayPal Income Projects Room Hire Other [Deposit & Other income] 3,218 4,028 80,465 1.625 (3,750) 4,050 (45) 1,880 4,843 278 84.515 (45) 89,591 12,161 2,064 110,300 1.055 125,580 87,711 Grants Donation & PayPal giving 41,004 (275) 57,313 597 98,317 322 134.117 1,170 128,440 59,790 188,230 260,866 3. EXPENDITURE ON CHARITABLE AcnvmES Unrestricted Restricted Funds Funds Total 2024 Total 2023 Managpmpnt and Admin (Note 4) Premises Costs Project Costs Salary (Note 5) (182) 28,608 16,041 89,939 (182) 30,121 35,866 140,078 (502) 37,466 52,906 149,814 1.513 19,825 50.139 134,405 71,477 205,883 239,683
RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) MANAGEMENT EXPENDITURE Unrestricted Restricted Funds Funds Total 2024 Total 2023 Accountancy & Audit Payroll charge Bank Charges Insurance Personnel M arketing Training Project Management Charge Governance 1.210 1,742 1,210 1,742 84 2,996 320 215 47 (9,684) 1,170 2.006 84 2,993 1,238 620 72 (12,070) 2,996 320 215 47 (9,684) 182 182 502 5. STAFF COSTS Unrestricted Restricted Funds Funds Total 2024 Total 2023 Salaries Social Security costs Pension costs 85,419 2,811 1.708 89,939 47,793 786 1,560 50,139 133,212 3,597 3,269 140,078 143.042 4,009 2,763 149.814 During the year no TstS received any remurEration (2023 -Nil) During the year no Trustees received any benefits in kind (2023 -Nil) During the year no TNstees received any reimtxJr5ement of expertses {2023 1) 6. FIXED ASSETS Fixed Assets General Fund Computers NLDC IT rimeout YP Total Cost Additions As at 31 March 2024 40,829 73.735 18.860 40,829 73,735 Accumulated Depreciation Charge As at 31 March 2024 12,996 1,050 18.860 40,829 73,735 40,829 Net Book Values As at 31 March 2024 10
A3 at 31 March 2023 RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 MARCH 2024 (continued) DEBTORS 2024 2023 Accounts Receivable 45,177 45,177 50,325 50,325 8. CREDITORS - Amounts fralling within one 2024 2023 Accounts Payable Accrued expenses 2,131 1,150 3,281 2,2g8 1,000 3,298 9. STATEMEIW OF FUNDS At31 March 2023 At31 March 2024 Income Expenditur Transfer Unrestricted Funds Toial Riverslde centre Total HAF Total Holiday Camp General (35,773) 7,836 1,160 85.006 41.838 1,596 (99,161) (32,441) (2,804) 49.929 17,233 48 54,986 5.009 53,558 128.440 134,405 42,583 Restricted Funds Total Event Family Support Hub Food Pantry Total MTVH Total Skoot Sutton Community Fund Microgrant Total TOYP Warm Spaces (376) 250 2.079 7.283 (10,836) 5.413 2,597 376 120 370 (1,590) 3,553 1,080 (9.090) (2.059) (53,758) (4.979) 1.000 10,470 9,411 94.390 4.259 55,012 2,427 95,644 1,708 114,298 59.790 71,477 107 620 TOTAL FUNDS 167 856 188 230 205 883 150 203 11
RIVERSIDE COMMUNITY ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEmErs FOR THE YEAR ENDED 31 MARCH 2024 {continued) 10. PENSION COMMITMENTS The charity operates a defined contribution stakeholder pension scheme. 12